OREANDA-NEWS. December 24, 2007. Mr. Vybornov briefed the Prime Minister on the activities aiming the resumption of the Armenian-Russian cooperation in the field of jewelry and articles of gold as implemented after the signing of the cooperation agreement with the Government of Armenia in the month of August. The agreement envisages supply of raw materials to Armenian companies on the part of ALROSA with processing purposes.

 The products so processed will be offered for sale to Armenian and Russian companies on the recommendation of ALROSA. Mr. Vybornov further advised that in order to prepare for signing the package of relevant agreements, a recently formed task force consisting of ALROSA's experts and representatives of leading Russian silverware and jewelry manufacturing companies has already carried out a study of the possibilities of Armenian diamond-processing companies inclusive of their technological capacity, the quality standards of the output etc. According to Mr. Vybornov, his company has already formed a true idea of said companies' possibilities and believes that there are good prospects for collaboration. He assured that the first lot of raw materials is due to arrive in Armenia before this end-of-year.

The President of ALROSA thanked the Prime Minister for willingness of cooperation and thoughtfulness and went on to mention that Head of Russian Government Victor Zubkov was keeping this important deal under his close attention.